National Business

NEW YORK (AP) — Stocks rushed higher after a strong report on the U.S. job market eased Wall Street’s worries about a possible recession. The S&P 500 jumped 1.5% Friday, while the Dow soared 701 points.

TORONTO — The slowdown in Toronto's housing market continued to slip away last month as home sales came in higher than they were a year ago and prices edged closer to pandemic highs.

DES MOINES, Iowa (AP) — An Iowa task force has completed its search for survivors at the site of a partially collapsed Davenport apartment building without finding three missing people who are feared dead, authorities said Friday.

VANCOUVER — The Real Estate Board of Greater Vancouver says May home sales rose 15.7 per cent from a year earlier. The B.C.

RICHMOND HILL, Ont. — DesRosiers Automotive Consultants Inc. says May brought hope after several years of disrupted sales patterns, as vehicle sales rose. The consultancy firm says total light vehicle sales in May were up 13.

The wildfires plaguing residents in Alberta and Nova Scotia are part of a larger trend that’s driving up the cost of home insurance as extreme weather becomes more common, insurance experts say.

WASHINGTON (AP) — Despite weeks of negotiations, the White House and House Republicans were unable to reach a comprehensive agreement to overhaul environmental regulations and streamline federal permitting as part of their debt ceiling deal , instead

WASHINGTON (AP) — Fending off a U.S.

CALGARY — Suncor Energy Inc. will cut 1,500 jobs by the end of the year, as new CEO Rich Kruger forges ahead with his mandate to reduce costs and improve the company's lagging financial performance.

Air Canada says its communicator system has begun to stabilize after experiencing technical problems on Thursday morning, but travellers are still expected to face delays and cancellations before it is back fully up and running.